VA and CalVet Home Loan Benefits
VA home loan guaranties are issued to help eligible Service members, Veterans, Reservists, National Guard members, and certain surviving spouses obtain homes, condominiums, and manufactured homes, and to refinance loans.
CalVet offers a great home loan option for veterans purchasing homes in California. A CalVet home loan saves borrowers money and provides home protection that is typically less expensive than that available elsewhere. CalVet has expanded eligibility so that most honorably discharged veterans and active duty service members wanting to buy a home in California are eligible. The CalVet Home Loan program is not the federal VA loan guarantee program. Rather, CalVet is a lender of home loan funds. Like commercial banks, CalVet has a variety of loan options available, one of which is the federal VA guarantee program. Unlike commercial lenders, CalVet offers a robust program that includes low cost home insurance, which covers fire/hazard and earthquake and flood.
For more information about this or other veterans benefits, please visit one of our offices.